AGP Executive Report
Last update: 3 hours agoRates and Markets: September employment fell unexpectedly, lifting unemployment to 4.7%—a five-year high—and cooling expectations of another RBA rate rise. The ASX steadied, with bank shares helping offset weakness elsewhere, while futures pointed higher. Bank Results: Bank of Queensland reported an 88% rise in FY26 profit and held its dividend at 20 cents as shares jumped; Bendigo and Adelaide Bank also climbed ahead of its AGM. Crypto Rules: Australia is seeking feedback on rules for crypto platforms due in 2027, including tighter oversight of crypto-settled products after retail traders lost A$458 million. Savings and Resilience: ING’s Savings Maximiser is closed to new applicants as banks compete for deposits. APRA and the RBNZ completed a joint stress test to assess trans-Tasman banks’ resilience.
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